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Gapfill

FB - Opportunity to long soon?FB has retraced nearly 8% from it's recent high @ 377.55 to a low of 347.70 today. It has since rebounded off today's low to 351, which is at gap fill as well a the 61.8% fib retracment of the recent AB swing up. A mini pin bar (daily) appears to be forming right now. Look to long next day if it goes above today's candle hi of 353.8 with initial stop loss just below 347.70. Looking for initial profit @ 377. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:METALong
by Juliac
JPMorgan to $80 by October 2022NYSE:JPM Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October. From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that pattern out gives me my price target of $80 when it is all said and done by October 2022. And yes that is a price gap at $110 (purple box) that I expect to be filled in these moves. - Penny
NYSE:JPMShort
by PennyBagsCapital